CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. IIA-ACCA

Free IIA-ACCA Exam Braindumps (page: 59)

Page 59 of 152
PDF with 604 Questions

According to IIA guidance, which of the following strategies would add the least value to the achievement of the internal audit activity's (IAA's) objectives?

  1. Align organizational activities to internal audit activities and measure according to the approved IAA performance measures.
  2. Establish a periodic review of monitoring and reporting processes to help ensure relevant IAA reporting.
  3. Use the results of IAA engagement and advisory reporting to guide current and future internal audit activities.
  4. Establish a format and frequency for IAA reporting that is appropriate and aligns with the organization's governance structure.

Answer(s): A



According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?

  1. The organization's audit universe is extensive and diverse.
  2. There has been an increase in unanticipated requests for advisory work.
  3. Previous work provided by the external service provider has been of great quality and value.
  4. A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.

Answer(s): B



The chief audit executive (CAE) of a small internal audit activity (IAA) plans to test conformance with the Standards through a quality assurance review. According to the Standards, which of the following are acceptable practice for this review?
1. Use an external service provider.
2. Conduct a self-assessment with independent validation.
3. Arrange for a review by qualified employees outside of the IAA.

4. Arrange for reciprocal peer review with another CAE.

  1. 1 and 2
  2. 2 and 4
  3. 1, 2, and 3
  4. 2, 3, and 4

Answer(s): A



A large investment organization hired a chief risk officer (CRO) to be responsible for the organization's risk management processes.
Which of the following people should prioritize risks to be used for the audit plan?

  1. Operational management, because they are responsible for the day-to-day management of the operational risks.
  2. The CRO, because he is responsible for coordinating and project managing risk activities based on his specialized skills and knowledge.
  3. The chief audit executive, although he is not accountable for risk management in the organization.
  4. The CEO, because he has ultimate responsibility for ensuring that risks are managed within the agreed tolerance limits set by the board.

Answer(s): C



Page 59 of 152



Post your Comments and Discuss IIA IIA-ACCA exam with other Community members:

Jeelzs commented on June 25, 2024
Awesome indeed
Anonymous
upvote